Detailed Single Year Tables

Description of Proposed Provision:
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and NRA reaches 69 in 2027.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2014

13.95

12.67

-1.29

320

0.00

0.00

0.00

2015

13.97

12.92

-1.05

306

0.00

0.00

0.00

2016

13.96

12.89

-1.07

292

0.00

0.00

0.01

2017

13.95

12.92

-1.04

278

-0.02

0.01

0.03

2018

13.97

12.94

-1.03

264

-0.05

0.01

0.06

2019

14.07

12.96

-1.11

250

-0.08

0.01

0.09

2020

14.21

12.97

-1.23

236

-0.12

0.01

0.14

2021

14.32

13.00

-1.32

223

-0.18

0.02

0.20

2022

14.50

13.03

-1.47

210

-0.24

0.02

0.25

2023

14.71

13.05

-1.66

196

-0.30

0.02

0.31

2024

14.92

13.07

-1.85

182

-0.35

0.02

0.37

2025

15.13

13.09

-2.04

168

-0.41

0.02

0.43

2026

15.33

13.11

-2.22

153

-0.46

0.02

0.48

2027

15.51

13.12

-2.39

138

-0.52

0.02

0.54

2028

15.67

13.14

-2.53

123

-0.58

0.02

0.59

2029

15.80

13.15

-2.65

108

-0.64

0.02

0.65

2030

15.91

13.16

-2.75

93

-0.70

0.01

0.71

2031

15.99

13.17

-2.83

76

-0.75

0.01

0.76

2032

16.07

13.18

-2.89

60

-0.80

0.01

0.81

2033

16.12

13.18

-2.94

43

-0.83

0.01

0.84

2034

16.18

13.19

-2.99

25

-0.86

0.01

0.86

2035

16.22

13.19

-3.03

8

-0.87

0.00

0.88

2036

16.26

13.19

-3.06

----

-0.87

0.00

0.87

2037

16.27

13.20

-3.08

----

-0.87

0.00

0.87

2038

16.26

13.20

-3.07

----

-0.88

0.00

0.88

2039

16.23

13.20

-3.03

----

-0.89

0.00

0.89

2040

16.18

13.19

-2.99

----

-0.90

0.00

0.90

2041

16.12

13.19

-2.93

----

-0.93

0.00

0.92

2042

16.06

13.19

-2.87

----

-0.95

-0.01

0.94

2043

16.01

13.19

-2.82

----

-0.97

-0.01

0.96

2044

15.97

13.19

-2.78

----

-0.99

-0.01

0.98

2045

15.93

13.19

-2.74

----

-1.01

-0.01

1.00

2046

15.90

13.19

-2.71

----

-1.02

-0.01

1.02

2047

15.88

13.19

-2.69

----

-1.04

-0.01

1.03

2048

15.85

13.19

-2.66

----

-1.06

-0.01

1.05

2049

15.82

13.19

-2.63

----

-1.08

-0.01

1.06

2050

15.80

13.19

-2.61

----

-1.09

-0.01

1.08

2051

15.78

13.19

-2.59

----

-1.12

-0.01

1.10

2052

15.78

13.19

-2.59

----

-1.13

-0.01

1.12

2053

15.79

13.19

-2.60

----

-1.15

-0.01

1.13

2054

15.81

13.20

-2.62

----

-1.16

-0.01

1.14

2055

15.85

13.20

-2.65

----

-1.17

-0.01

1.15

2056

15.89

13.20

-2.69

----

-1.17

-0.01

1.16

2057

15.94

13.21

-2.73

----

-1.18

-0.01

1.16

2058

15.98

13.21

-2.77

----

-1.18

-0.01

1.16

2059

16.03

13.21

-2.82

----

-1.18

-0.01

1.16

2060

16.08

13.22

-2.86

----

-1.18

-0.02

1.17

2061

16.12

13.22

-2.91

----

-1.18

-0.02

1.17

2062

16.17

13.22

-2.95

----

-1.18

-0.02

1.17

2063

16.22

13.22

-3.00

----

-1.18

-0.02

1.16

2064

16.27

13.23

-3.04

----

-1.18

-0.02

1.16

2065

16.31

13.23

-3.09

----

-1.18

-0.02

1.17

2066

16.36

13.23

-3.13

----

-1.19

-0.02

1.17

2067

16.40

13.23

-3.17

----

-1.19

-0.02

1.18

2068

16.45

13.24

-3.21

----

-1.20

-0.02

1.18

2069

16.50

13.24

-3.25

----

-1.20

-0.02

1.18

2070

16.54

13.24

-3.30

----

-1.20

-0.02

1.18

2071

16.59

13.25

-3.34

----

-1.19

-0.02

1.18

2072

16.62

13.25

-3.37

----

-1.20

-0.02

1.18

2073

16.65

13.25

-3.40

----

-1.20

-0.02

1.18

2074

16.67

13.25

-3.41

----

-1.20

-0.02

1.18

2075

16.68

13.25

-3.42

----

-1.21

-0.02

1.19

2076

16.68

13.25

-3.42

----

-1.21

-0.02

1.19

2077

16.67

13.25

-3.42

----

-1.22

-0.02

1.20

2078

16.67

13.25

-3.42

----

-1.22

-0.02

1.20

2079

16.67

13.25

-3.42

----

-1.22

-0.02

1.20

2080

16.67

13.25

-3.42

----

-1.23

-0.02

1.21

2081

16.68

13.25

-3.42

----

-1.24

-0.02

1.22

2082

16.69

13.25

-3.43

----

-1.25

-0.02

1.23

2083

16.71

13.25

-3.45

----

-1.26

-0.02

1.23

2084

16.74

13.26

-3.48

----

-1.26

-0.02

1.24

2085

16.77

13.26

-3.51

----

-1.27

-0.02

1.25

2086

16.81

13.26

-3.55

----

-1.27

-0.02

1.25

2087

16.86

13.27

-3.59

----

-1.28

-0.02

1.26

2088

16.91

13.27

-3.64

----

-1.28

-0.02

1.26

2089

16.96

13.27

-3.68

----

-1.29

-0.02

1.27

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2014 Trustees Report.

2014-2088

15.92%

13.88%

-2.03%

2035

-0.85%

-0.00%

0.85%

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1 Under present law, the year of Trust
Fund reserve depletion is 2033.